Samsung's technology to produce flexible displays has been illegally sold to China

South Korean authorities are investigating a case of industrial espionage. Nine people are suspected, employees of the company Toptec Co. Ltd.. It is badumed that the leader of this company and eight of its employees sell Samsung's technology for the production of flexible displays, a Chinese company.

The group is suspected of creating a hollow company that has received technical documentation from Samsung Display, Samsung's subsidiary. This information was then sold to China with 15.5 billion Korean sausages, or about $ 13.85 million. The information is available from Reuters.

Toptec, specializing in the production of robotic equipment for mobile billboards, says this has nothing to do with this incident. The company is ready to cooperate fully with the authorities and help to reveal the truth. But in the context of these events, Toptec's shares fell by 20%.

Samsung Display, for its part, has declared its intention to increase the security of the company and more to prevent such critical information leaks. Reuters adds that about $ 130 million has been spent to develop the new technology.